XML 122 R109.htm IDEA: XBRL DOCUMENT v3.22.0.1
Note 20 - Debt - Detail of Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Debt $ 43,394 $ 47,100
Contingent Convertible Senior Notes [Member]    
Less unamortized debt issuance costs (67) (401)
Debt 14,933 14,599
Junior Subordinated Notes [Member]    
Debt [1] 23,961 23,435
Less unamortized discount [1] (24,164) (24,690)
Credit Facility [Member] | Byline Bank [Member]    
Long-term Debt, Gross 0 0
Credit Facility [Member] | Fifth Third Financial Bank [Member]    
Long-term Debt, Gross 0 0
Senior Note 2020 [Member] | Non-convertible And Contingent Convertible Debt [Member    
Long-term Debt, Gross $ 4,500 4,500
Interest Rate [2] 12.00%  
The 2019 Senior Notes [Member] | Non-convertible And Contingent Convertible Debt [Member    
Long-term Debt, Gross $ 0 2,400
Interest Rate [2] 12.00%  
PPP Loan [Member] | Non-convertible And Contingent Convertible Debt [Member    
Long-term Debt, Gross $ 0 2,166
Interest Rate [2] 1.00%  
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member] | Contingent Convertible Senior Notes [Member]    
Long-term Debt, Gross $ 15,000 15,000
Interest Rate [2] 8.00%  
Alesco Capital Trust I [Member] | Junior Subordinated Notes [Member]    
Long-term Debt, Gross [1] $ 28,125 28,125
Interest Rate [1],[2] 4.37%  
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]    
Long-term Debt, Gross [1] $ 20,000 $ 20,000
Interest Rate [1],[2] 4.13%  
[1] The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of December 31, 2021 on a combined basis was 11.32% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.
[2] Represents the interest rate in effect as of the last day of the reporting period.